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FSM Holdings Limited ( (HK:1721) ) has provided an update.
FSM Holdings Limited announced the resignation of PricewaterhouseCoopers (PwC) as its auditor, effective from November 7, 2025. The resignation was due to a conflict arising from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designating Mr. Li Thet, a former executive director and controlling shareholder, under sanctions related to alleged involvement with a criminal organization. The company plans to promptly appoint a new auditor to fill the vacancy.
The most recent analyst rating on (HK:1721) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on FSM Holdings Limited stock, see the HK:1721 Stock Forecast page.
More about FSM Holdings Limited
Average Trading Volume: 167,777
Technical Sentiment Signal: Sell
Current Market Cap: HK$212M
Learn more about 1721 stock on TipRanks’ Stock Analysis page.